Nat Benjamin, executive director of financial stability strategy and risk at the Bank of England, joins OMFIF to outline key considerations to foster a steady-state liquidity environment that supports stability and growth.
The lecture emphasises the importance of taking a holistic view – considering both the normalisation of central bank balance sheets and the evolving roles within the financial system, particularly the shift from banks to non-bank financial institutions.
Benjamin also focuses on the implications of these changes for system-wide liquidity flows, and how they affect households and businesses’ access essential financial services.
